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Enapter

Hydrogen Economy
Product stageSegments
Growth
?
Clean Hydrogen
?

Germany-based Enapter develops electrolyzers using its patented anion exchange membrane (AEM) technology for the production of hydrogen from water and electricity. The company’s electrolyzers are stacked, allowing for flexible and modular deployment of varying sizes. In addition to electrolyzers, the company also offers an energy management system that connects any device into a unified energy network via software integration. In May 2023 , Enapter also unveiled its AEM Multicore, the world's first megawatt-scale AEM electrolyzer to produce green hydrogen. The AEM Multicore features 420 AEM stacks, producing nearly 450 kg of green hydrogen per day. In September 2023, the company added the AEM Flex 120 to its portfolio, an AEM electrolyzer with up to 50 AEM stack core modules, and delivered the first unit to ABC-Klinkergruppe, a brick manufacturer in Germany, in November 2023 .

In September 2021, Enapter began construction of its 82,000-square-meter Enapter Campus in Saerbeck, North Rhine-Westphalia, Germany, which will house research and development, warehousing and offices, and manufacturing. The new facility will produce 10,000 electrolyzers per month and became operational in May 2023.

Key customers and partnerships 

The company has a global customer base including key customers such as HyFlyer (a UK-based hydrogen aircraft project), Hyperion Motors (a US-based hydrogen fuel cell car developer), Delta Green (France) and Steinbeis Innovation Center siz energie+ (Germany). These customers work with Enapter’s partners for the final deployment, as the company focuses solely on developing electrolyzers. The company’s list of partners is also global and includes ElektrikGreen (US), Cero Group (UK), H2 Core Systems (Germany), PowiDian (France), Edu-Tek (India), Shenqian Technology (China), VINCI Energies (Germany), Johnson Matthey (UK), and YEST (South Korea) among others. 

In August 2023 . Enaptor signed a framework supply agreement of over EUR 6 million (~USD 6.6 million) with Wolong, a Chinese manufacturer of motors and drives.

In February 2023, the company launched a project to establish Southeast Asia’s first green hydrogen learning center, in Chiang Mai, Thailand, in partnership with GIZ (Germany) and Chiang Mai University, which will include a training center and a green hydrogen demonstration site. 

Funding and financials

The company is listed on the Frankfurt and Hamburg stock exchanges. In October 2021, Enapter was announced as one of the five finalists of the Earthshot Prize, founded by Prince William, and was awarded GBP 1 million (USD 1.4 million). The company reported revenues of EUR 31.5 million (USD 34.1 million) in 2023.

In July 2022 , Enapter received a EUR 984,000 (USD 1 million) grant from the Italian Ministry of Ecological Transition (MiTE). The grant funds will be used to conduct R&D activities on the company’s proprietary “AEM Electrolyser EL 4.0.”

Hydrogen Economy

Hydrogen Economy

Key stats
Featured companies
66
Total funding (USD)
9.5 Bn
Total addressable market (USD)
128.7 Bn
Key competitors
 
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Company profile
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EDGE Insights

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Recent Updates

Product updates
Nov 2, 2023
Enapter delivers its first AEM Flex 120 electrolyser to ABC-Klinkergruppe
Hydrogen Economy
Partnerships
Geographic expansion
Aug 8, 2023
Enapter partners with Wolong to provide AEM Electrolysers in China
Hydrogen Economy
Partnerships
Jun 28, 2023
Enapter to supply AEM Multicore electrolyzer to Intelligent Energy
Hydrogen Economy
Product updates
May 24, 2023
Enapter unveils its AEM Multicore electrolyzer
Hydrogen Economy
Product updates
Apr 11, 2023
Enapter begins deliveries of its first water-cooled AEM Electrolyser EL 4.0
Hydrogen Economy
Product updates
Mar 1, 2023
Enapter begins mass production if its AEM Electrolyser EL 4.0
Hydrogen Economy

Company Brief


HQ location:
Reinhardtstrasse 35 Berlin Berlin DEU
Founded year:
2017
Employees:
101-250
Total Funding:
USD 132.2 million
Last Funding
USD 26.7 million, Mar 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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